Sony Ericsson achieves net profit of € 8 million in the quarter
Source: Internet
Author: User
KeywordsNet profit Sony Ericsson EUR fourth quarter
January 20 News, according to foreign media reports, mobile phone maker Sony Ericsson 20th released its fourth-quarter earnings. The data show that the company achieved net profit of € 8 million (about $10.8 million), while the company lost 167 million euros in the same period last year. Sony Ericsson explained that, because of the effectiveness of cost control, the company for 4 consecutive quarters of profit, successfully escaped the last 2 years of losses. However, in the quarter ending December 31, 2010, Sony Ericsson's revenues fell by 13% to 1.53 billion euros. Sony Ericsson cut around 4,000 employees globally in 2010, saving more than € 880 million in annual operating expenses. The company predicts that 2011 will slow growth in the global handset market sector.
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